Foods & Inns Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 30 May 2026 | Food Products | Market Cap: ₹393 Cr
Foods & Inns targets revenue of around INR1,700 crore by FY '27, driven by capacity expansion. FY 25 revenue expected to be flat compared to FY 24, around INR 350 crores for Q4.
From Foods & Inns's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹54.4
Market Cap
₹393 Cr
P/E Ratio
14.2
How does Foods & Inns rank in Food Products?
Compare Foods & Inns against every Food Products company this quarter on revenue, margins and earnings-call signals.
Foods & Inns — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹150 Cr, net profit ₹0 Cr.
Full financials →📊 Revenue & Sales Performance
- →Foods & Inns targets revenue of around INR1,700 crore by FY '27, driven by capacity expansion.
- →FY '25 revenue expected to be flat compared to FY '24, with growth outlook improving from FY '26 onwards.
- →The business is cost-plus, so top-line depends on raw material prices. Margins are expected to improve with larger scale.
- →Tomato processing capacity has more than doubled, running at full utilization since December 2024; expected to double revenue in FY '26 (target INR100 crore+).
- →Domestic off-take is picking up since December 2024, with good visibility on order backlog clearing by Q4 FY '25.
- →Export shipment backlog from earlier quarters has been scaled up, aiding volume growth.
- →New product lines like Tetra Recart and Pectin are expected to contribute from late FY '25 or FY '26 onwards.
- →Overall growth strategy focuses on increasing scale and margins before targeting debt reduction.
📈 Profitability & Margins
- →FY 25 revenue expected to be flat compared to FY 24, around INR 350 crores for Q4.
- →Target revenue for FY 27 internally set at around INR 1,700 crores, reflecting growth aspirations.
- →Business operates on a cost-plus model; margins expected to be protected with raw material price being a key variable.
- →Focus on margin improvement is ongoing, with recent quarters showing EBITDA improvement.
- →Plans to grow scale and margins primarily to improve profitability, rather than short-term debt reduction.
- →New product lines and capacity expansions (tomato processing, pastry line, spray drying, Tetra Recart) expected to drive revenue and profit growth.
- →Expansion into domestic retail and export markets providing additional growth avenues.
- →Some short-term margin impact due to INR 4.2 crores forex MTM loss in recent quarter, but management remains positive overall.
🏗️ Capital Expenditure Plans
- →Foods & Inns has already commenced the Greenfield capacity expansion as per the PLI scheme, which was to be completed by March 31, 2024.
- →Besides PLI-related capex, there has been additional non-PLI capex undertaken, including a doubling of tomato processing capacity.
- →New pastry production lines are being commercialized, aiming to double capacity by end of the current month.
- →Spray drying expanded capacity has reached full utilization since December 2024.
- →Product development and testing of Tetra Recart packaging is ongoing, with hopes to gain traction in FY '26.
- →Preferential allotment proceeds were used entirely for working capital and capex related to capacity expansions.
- →Future plans focus on increasing business scale and margins, with capex intended to support growth and expansion rather than debt reduction.
💰 Fundraising & Capital Structure
- →The company recently completed a preferential allotment, and the funds were fully utilized for working capital and capex expansion, not for debt repayment.
- →Current debt stands at approximately INR360 crores (working capital) and INR70 crores (long-term).
- →There is no explicit mention of plans for new fundraising through debt or equity in the call.
- →The management's focus is on growing the business and margins to generate cash flow to reduce debt over time.
- →Given the working capital-intensive nature of the business, any debt reduction is expected to be gradual and tied to scale growth.
- →No specific or immediate plans for fresh debt or equity raising were disclosed during the call.
📋 Order Book & Pipeline
- →Export shipment backlog from Q1 and Q2 was called off, leading to export tonnage growth in Q3 FY '25.
- →Domestic call-offs remained slow in Q3 but began picking up rapidly from the last week of December and continued into Q4.
- →Company expects most of the domestic order backlog to be fulfilled by Q4 FY '25.
- →Good visibility on domestic off-take is reported till March with optimistic customer indicators.
- →Overall, the company is confident about clearing pending orders soon and expects growth in the coming quarters.
Key Metrics
Frequently Asked Questions
What were Foods & Inns Q3 FY25 results?
Foods & Inns targets revenue of around INR1,700 crore by FY '27, driven by capacity expansion. FY 25 revenue expected to be flat compared to FY 24, around INR 350 crores for Q4.
What is Foods & Inns share price analysis?
Foods & Inns currently shows a neutral. The stock trades at a P/E of 14.2 with a market cap of ₹393 Cr. Investors should review the full earnings analysis for detailed insights.
Is Foods & Inns planning capital expenditure?
Foods & Inns has already commenced the Greenfield capacity expansion as per the PLI scheme, which was to be completed by March 31, 2024.
Keep Foods & Inns on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.